🇦🇺Australia

STP Phase 2 and Payroll Tax Non-Compliance

2 verified sources

Definition

Inaccurate hourly data from manual tracking leads to payroll reporting errors and ATO penalties.

Key Findings

  • Financial Impact: AUD 756+ per STP failure (up to AUD 20,280/year); state payroll tax thresholds breaches
  • Frequency: Pay event (weekly/bi-weekly)
  • Root Cause: Disconnected hourly tracking from STP-compliant payroll

Why This Matters

The Pitch: Australian childcare services risk AUD 20,000+ fines yearly from STP failures. Automated tracking ensures compliance.

Affected Stakeholders

Payroll Officer, Owner/Operator

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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